JD.com (NASDAQ: JD) cancels 183.2M shares after $3.0B buyback
Rhea-AI Filing Summary
JD.com, Inc. reported that in 2025 it repurchased approximately 183.2 million Class A ordinary shares, equivalent to 91.6 million ADSs, for about US$3.0 billion. These repurchased shares represented roughly 6.3% of the company’s total ordinary shares outstanding as of December 31, 2024.
The company stated that all 183.2 million repurchased Class A shares have been cancelled, reducing its share count. The repurchases were made on both Nasdaq and the Hong Kong Stock Exchange under JD.com’s share repurchase program of up to US$5.0 billion, adopted in August 2024 and effective through August 2027. As of December 31, 2025, about US$2.0 billion remained available under this program.
Positive
- Significant share repurchase and cancellation: JD.com bought back approximately 183.2 million Class A shares (91.6 million ADSs) for about US$3.0 billion in 2025, equal to roughly 6.3% of ordinary shares outstanding as of December 31, 2024, and reports that all of these shares have been cancelled.
- Ongoing buyback capacity: The company states it still has about US$2.0 billion remaining under its share repurchase program of up to US$5.0 billion, effective through August 2027.
Negative
- None.
Insights
JD.com executed a large 2025 buyback, cancelling 6.3% of shares and leaving US$2.0B capacity.
JD.com reports that in 2025 it repurchased approximately 183.2 million Class A ordinary shares, equivalent to 91.6 million ADSs, for a total of US$3.0 billion. The company notes that these shares represented about 6.3% of its total ordinary shares outstanding as of December 31, 2024, indicating a sizeable reduction relative to its prior share base.
The company states that all 183.2 million repurchased shares have been cancelled, which mechanically lowers the number of shares in circulation. The repurchases were carried out on both Nasdaq and the Hong Kong Stock Exchange under a buyback program of up to US$5.0 billion, adopted in August 2024 and effective through August 2027. As of December 31, 2025, JD.com reports approximately US$2.0 billion remaining available under this authorization, so future activity will depend on how the company chooses to use that remaining capacity.
